Wall Street Blockchain Alliance launches Blockchain Assets Working Group
The Wall Street Blockchain Alliance (WSBA), a US-based non-profit trade organisation, has set up a new working group – the Blockchain Assets Working Group (BAWG). It will focus on “native assets riding upon public blockchains, such as Bitcoin, Ethereum, Zcash, and more”, WSBA explains.
“BAWG will explore a number of facets of this emerging asset class, including underlying technologies, development teams, economics, and market behaviour,” the organisers say.
The group will be Chaired by Chris Burniske, blockchain products lead at ARK Investment Management, a New York-based investment adviser.
“Instead of focusing on how blockchain technology can be employed within existing financial architectures, this working group will return to the genesis of the blockchain movement that saw the need for native assets to keep decentralised and open systems in economic balance,” Burniske states.
“The working group will emphasise that the assets are just as important as the technology, providing participants the environment they need to stay on top of the latest developments in public blockchain networks.”
By Soumik Roy, editorial contributor to Banking Technology